Meet The President Who Torched His Country’s Economy—Best Friend To Pakistan, Chief Architect Of Disaster at Home

Erdoğan slashed interest rates even as inflation rose, wrecking confidence in the lira.

The Turkish lira crashed in value, wiping out household savings.

Annual inflation shot above 48 percent, while the economy slipped into recession.

Short-term subsidies and election giveaways ballooned public debt.

Crackdowns on opposition and media led to mass protests and scared off investors.

Citizens rushed to swap lira for dollars, triggering bank runs and unrest.

Erdogan undermined the central bank’s autonomy by firing governors who resisted his demands.